03 Developing The Project Plan Flashcards
An early compilation of the significant work items that will have associated cost or schedule considerations
Work Breakdown Structure (WBS)
Defined as a task-oriented, detailed breakdown of activities that organizes, defines, and graphically displays the total work to be accomplished to achieve the final objectives of a project
Work Breakdown Structure
A breakdown or hierarchical representation of the various costs in a project
Cost Breakdown Structure
Represents the costs of the components in the WBS
Cost Breakdown Structure
A critical tool in managing the financial aspects of any project and creates a structure for applying measurable cost controls.
Cost Breakdown Structure
The determination of the timing and sequence of operations in the project and their assembly to give the overall completion time
Scheduling
Focuses on one part of the planning effort
Scheduling
An uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective, such as time, cost, scope, or quality.
Risk analysis
Extra time
Float
A project management tool in which the stages of a project are graphically represented on a chart
Project Evaluation and Review Technique (PERT)
A network analysis technique that allows for conditional and probabilistic treatment of logical relationships
Graphical Evaluation and Review Technique (GERT)
Applies the critical path method to a weighted average duration estimate
PERT
Considered a probabilistic method
PERT
A modification of the traditional GERT approach in that it recognizes special circumstances where multiple numbers of the project teams or activities must be taken into consideration simultaneously
Queue-Graphical Evaluation and Review Technique
The first simulation language which allowed a modeler to formulate a system description using process, event, or continuous world views or any combination of the 3.
Simulation Language for Alternative Modelling (SLAM)
Has been developed to help prepare a robust construction plan, focusing on construction feedback in dealing with indirect and unanticipated events during construction
Dynamic Planning and Control Methodology (DPM)
A project management methodology that helps you monitor essential resources and prioritize dependent tasks within a project
Critical Chain Planning
The extra time that’s placed between the final task and the end of the project.
Project buffers
The extra time that’s placed between the feeding chain (non-critical chain) and the critical chain.
Feeding buffers
Literal resources you set aside in case the critical chain is in need of extra supplies - like extra team members to have on hand, additional equipment, or help from a third-party.
Resource Buffers
The full amount of assigned hours you have tasked your team with divided by the number of hours you have to do the work
Resource Loading
